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will be made . The PARTICIPANT understands the request and approval of the additional time could delay the Project, and additional costs may be incurred due to delay of the Project. ii . If the accepted bid amount plus allowances is less than the advance deposit amount, the DEPARTMENT will refund the amount that the advance deposit exceeds the bid amount plus allowances if such refund is requested by the PARTICIPANT in writing . iii . Should Project modifications occur that increase the PARTICIPANT'S share of total Project costs , the PARTICIPANT will be notified by the DEPARTMENT accordingly. The PARTICIPANT agrees to provide , without delay, in advance of the additional work being performed , adequate funds to ensure that cash on deposit with the DEPARTMENT is sufficient to fully fund its share of the Project. The DEPARTMENT shall notify the PARTICIPANT as soon as it becomes apparent the actual costs will overrun the deposit amount; however, failure of the DEPARTMENT to so notify the PARTICIPANT shall not relieve the PARTICIPANT from its obligation to pay for its full participation on final accounting as provided herein . iv . The DEPARTMENT intends to have the final and complete accounting of all costs incurred in connection with the work performed hereunder within three- hundred and sixty (360) calendar days of final payment to the Contractor . All Project cost records and accounts shall be subject to audit by a representative of the PARTICIPANT for a period of three (3) years after final close out of the Project. The PARTICIPANT will be notified of the final cost. The parties agree that in the event the final accounting of total Project costs pursuant to the terms of this Agreement is less than the total deposits to date , a refund of the excess will be made by the DEPARTMENT to the PARTICIPANT. If the final accounting is not performed within three hundred and sixty (360 ) calendar days , the PARTICIPANT is not relieved from its obligation to pay. v . In the event said final accounting of total Project costs is greater than the total deposits to date , the PARTICIPANT will pay the additional amount within forty (40) calendar days from the date of the invoice . The PARTICIPANT agrees to pay interest at a rate as established pursuant to Section 55 . 03 , F . S . , on any invoice not paid with the forty (40) calendar days of the date of the invoice until the invoice is paid . vi . The payment of funds under this Locally Funded Agreement will be made directly to the Department of Financial Services , Division of Treasury for deposit and as provided in the attached Memorandum of Agreement ( MOA) between the PARTICIPANT , the DEPARTMENT and the State of Florida , Department of Financial Services , Division of Treasury, a copy of which is attached hereto as Exhibit "A" . 3 of 9